Exoskeletons in healthcare generally use a flexible structure with conventional actuation systems. Smart materials trend in robotic technology engendered soft and light systems, which improves wearability and acceptance rate. Healthcare considers various user groups: primary users - exoskeletons for elderly patients and stroke patients, secondary users - doctor, physiotherapist, family members, tertiary users - social welfare, health insurance, policymakers, and advocacy groups.
The global exoskeleton wearable robots market is an emerging market and is presumed to grow during the forecast period. The global exoskeleton wearable robots market was valued at USD 24.9 billion in 2019 and is presumed to grow at a CAGR of 27.3% during the forecast period. The growth is attributed to the increasing popularity of industrial body parts. Furthermore, the growing demand for exoskeleton wearable robots in the manufacturing and construction industry is also one-factor propelling market growth.
Moreover, the growing geriatric population also adds to the growth of the exoskeleton wearable robots market. However, high initial costs of deployment hinder the market growth.
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Exoskeleton Wearable Robots Market: Segmentation
The Middle East and Africa (MEA)
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